Sydney, Australia (ABN Newswire) - Thomson Resources Ltd. (ASX:TMZ) has entered into a Share Sale Agreement to acquire Lassiter Resources Pty Ltd, holder of EL 7391 located approximately 10 kilometres southwest of Lake Cargelligo, central NSW (Figure 1 in link below).
Thomson will issue 1,200,000 shares at a consideration of 6c per share to the vendors. Completion is expected to occur by March 31st, 2014. Thomson will also replace the $10,000 environmental bond required.
Thomson Resources and Lassiter Resources were previously in Joint Venture over the tenement, one of a group prospective for Cobar-type deposits at the southern end of the Cobar Basin.
To view the location map, please visit: http://media.abnnewswire.net/media/en/docs/76751-ASX-TMZ-788060.pdf
About Thomson Resources Limited:
Thomson Resources Ltd. (ASX:TMZ) is an Australian-based exploration company focussed on the discovery and development of high quality mineral deposits within the Thomson Fold Belt of northern NSW. Thomson Resources was incorporated on 17 July 2009 with the initial shareholders being Minotaur Exploration Ltd. and Platsearch NL, ASX-listed, exploration companies.
All TMZ exploration tenements lie within the Thomson Fold Belt, a region of deformed and intruded sediments and volcanics to the north of one of Australia’s premier metalliferous mining districts, the Lachlan Fold Belt. The belt has excellent exploration potential for large, high grade deposits, particularly Cobar-type.
In 2010, TMZ signed joint venture agreements with Compass Resources over a further 15 tenements in the Thomson Fold Belt and adjacent Lachlan Fold Belt. This gives TMZ a dominant position in a new mineral belt which has had minimal, but very encouraging, exploration so far.
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Sydney, Australia (ABN Newswire) - Thomson Resources Ltd. (ASX:TMZ) has entered into a Share Sale Agreement to acquire Lassiter Resources Pty Ltd, holder of EL 7391 located approximately 10 kilometres southwest of Lake Cargelligo, central NSW (Figure 1 in link below).
